• Best Islamic Credit Cards in Malaysia 2018

    Similar to the conventional banking system, the Islamic banking system offers credit cards to its customers. These cards work on Shariah principles and offer reward points or cashback like any other card.

    Islamic cards offer various benefits such as cashback, rewards points, rebates, discounts on shopping, dining, petrol and grocery expenses. These cards also offer extra benefits such as Takaful cover and annual fee waiver. Some Islamic cards offer low profit rates when compared to commercial cards. Read further to know more about benefits and privileges of the top Islamic credit cards in Malaysia to choose the best card for yourself.

    Here are the Best Islamic Credit Cards in Malaysia 2018

    Updated on 6th June 2018

    Card Name
    Rewards Programme
    Profit Rate
    Takaful Protection
    Annual Fees
    Know More

    1 Bonus Points on every RM1 spent on all transactions.

    15% p.a.-18% p.a.

    Travel takaful coverage of up to RM1 million.

    Waived.

    1 CARz Point on spending RM1 on retail purchases.

    15% p.a. to 18% p.a.

    Travel takaful cover of up to RM1 million.

    Waived

    Up to 5% cashback on select spend categories.

    15% p.a.-18% p.a.

    Comprehensive cover of up to RM100,000.

    Principal card: RM74.20. Supplem entary card: Free.

    1 AFFIN Rewards Point on every RM1 spent on retail purchases.

    12% p.a.-18% p.a.

    Flight and travel accident cover of up to RM1 million.

    Principal card: RM530. Supplementary card: RM424

    5 Treats Points for every RM2 spent in Malaysia.

    15% p.a. to 18% p.a.

    Travel takaful coverage of up to RM2 million.

    Principal card: RM800. Supplementary card: Free.

    2x Happy Points on dining, travel, and overseas retail purchases.

    11% p.a.-17.5% p.a

    Travel accident insurance of up to RM1 million.

    Waived.

    Earn 1 TruPoints on every ringgit spent on retail purchases.

    13.5% p.a.-17.5% p.a.

    Travel personal accident cover of up to RM2 million.

    Principal card: RM777. Supplem entary card: RM333.

    Best Islamic Credit Cards

    CIMB Islamic Bank Platinum Credit Card

    The card works on the Ujrah concept i.e. offering services and benefits to the cardholder in exchange of a certain fee. You have to place a deposit in FRIA-i with the bank that is equivalent for the credit limit to enjoy the benefits of the card.

    Key Benefits

    • Earn 1 Bonus Points on every RM1 spent on all transactions.
    • Get a travel takaful cover of up to RM1 million.
    Additional Points Description
    How to Use It
    • Pay your bills with the CIMB Islamic Bank Platinum Credit Card to earn Bonus Points.
    • Redeem Air Miles, gadgets, cashback, gifts, and vouchers with the accumulated Bonus Points.
    Good about It
    • Get discounts at more than 500 partner outlets.
    • Enjoy the special privileges offered by CIMB credit card-i.
    Keep in Mind
    • The travel takaful cover is applicable only when you charge your flight fare on your card.
    • The minimum annual income requirement is RM24,000.

    Who Should Get It

    • Those who travel overseas.
    • Those who make purchases frequently.

    AmBank Islamic CARz Card-i Platinum Mastercard

    The AmBank Islamic CARz Card-i Platinum Mastercard is designed for motorists. The card offers automobile-related benefits and rebates on petrol purchases.

    Key Benefits

    • Get 5% cash rebate when you partially pay your petrol bills.
    • Enjoy 2% cash rebate when you pay your petrol bills completely.
    • Earn 1 CARz Point when you spend every RM1 on retail purchases in Malaysia.
    • Accumulate 2 CARz Points when you spend every RM1 on overseas retail purchases.
    Additional Points Description
    How to Use It
    • Use the AmBank Islamic CARz Card-i Platinum Mastercard to pay at petrol stations and retail outlets
    • Accumulate the cash rebate/CARz Points on every RM1 spent.
    • Redeem home appliances, travel packages, vouchers, Air Miles, and healthcare products with the CARz Points.
    Good about It
    • Get complimentary airport lounge access at over 26 major airports in Malaysia and abroad.
    • Enjoy online shopping as the card provides e-Commerce purchase protection.
    Keep in Mind
    • The cash rebate is capped at RM80 per card per month when you pay your bills partially.
    • The cash rebate is capped at RM20 per card per month if you pay the entire bill at once.
    • CARz Points are not awarded for petrol purchases.

    Who Should Get It

    • Those who own and use motor vehicles.
    • Those who spend regularly on retail purchases locally and overseas.

    RHB Islamic Smart Value Credit Card-i

    The card is based on two of the Shariah principles i.e. Ujrah and Qard. Get a minimum credit limit of RM4,000 with the card.

    Key Benefits

    • Get a cashback of 1% to 5% when you spend on petrol, online purchases, groceries, and utility bills.
    • Get unlimited cashback of 0.2% when you spend on any other retail transactions.
    Additional Points Description
    How to Use It
    • Use the RHB Islamic Smart Value Credit Card-i to pay your bills.
    • Use the cashback to pay your card’s outstanding balance.
    Good about It
    • Get a comprehensive coverage of up to RM100,000 when you travel overseas.
    • Enjoy the contactless payment technology integrated with the card to pay bills on-the-go at the contactless terminals.
    Keep in Mind
    • The cashback on petrol, online purchases, groceries, and utility bills is capped at RM10 per category per month.
    • The cashback is determined based on the total spend amount on each of the spend category.

    Who Should Get It

    • Those who spend regularly at grocery stores.
    • Those who pay their utility bills.
    • Those who pay regularly for petrol purchases.
    • Those who purchase online.

    AFFINBANK World Mastercard

    Enjoy numerous privileges with the AFFINBANK World Mastercard Credit Card, such as global recognition, concierge service, and low finance charges. Read through to know more about the card:

    Key Benefits

    • Earn 1 AFFIN Rewards Point on every RM1 spent on retail transactions.
    • Get a flight and travel personal accident cover of up to RM1 million.
    • Get a personal accident cover of up to RM100,000.
    Additional Points Description
    How to Use It
    • Collect AFFIN Rewards Points on retail transactions.
    • Redeem the AFFIN Rewards Points for vouchers, gifts, and Air Miles.
    Good about It
    • Enjoy complimentary access to Priority Pass Lounges worldwide.
    • Get annual fee waiver for the first year.
    Keep in Mind
    • The cash advance is limited to 70% of the credit limit.

    Who Should Get It

    • Those who travel abroad frequently.
    • Those who make retail transactions.

    Maybank Islamic World Mastercard Ikhwan

    Enjoy complimentary plaza premium lounge access, golf privileges, superior credit limit, and global recognition with the Maybank Islamic World Mastercard Ikhwan. Read through to know more about the benefits offered by the card:

      Key Benefits

    • Earn 5 Treats Points when you spend every RM2 in Malaysia.
    • Earn 5 Treats Points on every RM1 spent overseas.
    • Get travel personal accident cover of up to RM2 million.
    Additional Points Description
    How to Use It
    • Pay your bills with the Maybank Islamic World Mastercard Ikhwan.
    • Redeem 10,000 Enrich Miles/KrisFlyer Miles with 6,360 Treats Points.
    Good about It
    • The annual fee is waived for the first year.
    • Get 10,000 Treats Points when you spend with the card for the first time. The reward is irrespective of the spend amount.
    Keep in Mind
    • The annual fee will be waived from the second year onwards if you spend a minimum of RM50,000 in a year.
    • Rewards Points are not awarded for government-related transactions.

    Who Should Get It

    • Those who spend regularly in Malaysia and overseas.
    • Those who travel frequently.

    BSN Al-Aiman Platinum Credit Card

    The card offers you Platinum Privileges, Platinum Rewards, Platinum Protection, and Platinum Lifestyle. The card offers Happy Points on every ringgit you spend locally or overseas.

    • Get unlimited Hibah Performance Bonus of 0.1% on your retail purchases internationally.
    • Enjoy no restrictions on the limit and usage of Hibah Performance Bonus.
    Additional Points Description
    How to Use It
    • Use the card for retail purchases made internationally to earn the bonus.
    • Use this card to access your banking services (PBe Service) any day from across the world.
    Good about It
    • No minimum or maximum qualifying limits for the Hibah Performance Bonus obtained on the card.
    • Contactless function called Visa payWave which allows you to make your payments just by waving your card.
    Keep in Mind
    • To earn annual fee waiver after the first year, swipe the card for at least 12 times over the year.

    Who Should Get It

    Those who travel frequently and use their card for both local and overseas purchases. This card allows you to earn unlimited 0.1% Hibah Performance Bonus on each of your Ringgit spent through the card. There is no qualifying criteria to earn this bonus. There is also no limit on the quantity and you can use the bonus according to your preference.

    Bank Islam Infinite Visa Credit Card-i

    The Bank Islamic Infinite Visa Credit Card-i is available without any joining fee. The credit limit of the card can go up to 3 times your monthly salary. The annual fee of the card will be waived if you make a minimum of 12 transactions in the last 12 months.

    Key Benefits

    • Earn 1 TruPoints on every RM1 spent on retail transactions in Malaysia and overseas.
    • Get 3 complimentary visits to selected Premium Lounge Network in Malaysia and Singapore.
    • Get a complimentary takaful coverage on your outstanding balance.
    Additional Points Description
    How to Use It
    • Spend with the Bank Islam Infinite Visa Credit Card to earn TruPoints.
    • Redeem the accumulated TruPoints for electrical goods, gadgets, and vouchers.
    Good about It
    • Enjoy personalised assistance with the 24-hour customer service.
    • No compounding finance charges.
    Keep in Mind
    • TruPoints are valid only for 36 months.
    • TruPoints cannot be exchanged for cash.

    Who Should Get It

    Those who make retail purchases in Malaysia and abroad regularly.

    How to Choose the Best Islamic Card

    While looking for the best Islamic cards, you have to consider a number of factors, such as reward type, reward categories, finance charges, eligibility criteria, annual fee, and other fees and charges applicable.

    Compare the cards, read the terms and conditions, and choose the one that fits your lifestyle.

    If you want to know more about other categories, check the best cashback credit cards or the best shopping credit cards

    BBazaar's Best Islamic Credit Cards of 2018

    Use this guide to compare and choose the card that is best suited to you. Make sure you read all terms and conditions pertaining to the card before opting for one. Identify your preferred spending category and budget to pick a card that will meet your financial needs. This table below will explain the categories that each individual card is ideal for. Utilize this table when comparing cards to choose the best card for yourself.

    Credit Cards Rewards Programme
    CIMB Islamic Bank Platinum Credit Card 1 Bonus Points on every RM1 spent on all transactions.
    AmBank Islamic CARz Card-i Platinum Mastercard 1 CARz Point on spending RM1 on retail purchases.
    RHB Islamic Smart Value Credit Card-i Up to 5% cashback on select spend categories.
    AFFINBANK World Mastercard 1 AFFIN Rewards Point on every RM1 spent on retail purchases.
    Maybank Islamic World Mastercard Ikhwan 5 Treats Points for every RM2 spent in Malaysia.
    BSN Al-Aiman Platinum Credit Card 2x Happy Points on dining, travel, and overseas retail purchases.
    Bank Islam Infinite Visa Credit Card-i Earn 1 TruPoints on every ringgit spent on retail purchases.

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